Success at PIMCO
Gross’ investing record is legendary, similar to a Warren Buffett, as he grew his startup; investment management firms Pacific Investment Management, into the world’s largest asset manager totaling over $2 trillion. This rise from obscurity to dominance happened in 27 years, with Gross becoming a respected public intellectual, eagerly sought by the financial media for his thoughts.
His performance earned admirers, which created more assets for his funds. He was advertised as the man who has earned more returns than any other man in history. He successfully took advantage of a bull market in bonds, beating the iShares Aggregate Barclays Bond Index by more than 1% over his tenure. This success earned Gross a net worth of around $2.3 billion.
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